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2. How to Reduce Your Mortgage Insurance Payment - AOL

   www.aol.com/2013/02/27/mortgage-insurance

   Mortgage insurance, also known as private mortgage insurance, or PMI, is an integral part of many common loan programs found in the market today: FHA mortgages, USDA mortgages and, yes, even ...

3. How to buy a house in 2024 - AOL

   www.aol.com/finance/buy-house-2024-232506531.html

   • Learn other ways to get your free credit report and score. 3. Save for a down payment. To avoid having to pay private mortgage insurance, or PMI, you’ll need to put down at least 20 percent ...

4. When should you refinance your mortgage? - AOL

   www.aol.com/finance/refinance-mortgage-152541677...

   Your current mortgage has a prepayment penalty: The penalty must be considered a cost of refinancing and assessed like any other costs. Though a one-time charge, iIt will impact your ability to ...

5. Lenders mortgage insurance - Wikipedia

   en.wikipedia.org/wiki/Lenders_mortgage_insurance

   Mortgage insurance became tax-deductible in 2007 in the US. [3] For some homeowners, the new law made it cheaper to get mortgage insurance than to get a 'piggyback' loan. The MI tax deductibility provision passed in 2006 provides for an itemized deduction for the cost of private mortgage insurance for homeowners earning up to $109,000 annually. [3]

6. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   Mortgage calculators can be used to answer such questions as: If one borrows $250,000 at a 7% annual interest rate and pays the loan back over thirty years, with $3,000 annual property tax payment, $1,500 annual property insurance cost and 0.5% annual private mortgage insurance payment, what will the monthly payment be? The answer is $2,142.42.

7. How to get rid of private mortgage insurance (PMI) - AOL

   www.aol.com/finance/rid-private-mortgage...

   The Homeowners Protection Act of 1998 requires that lenders remove private mortgage insurance when a borrower reaches a 78 percent loan-to-value (LTV) ratio. For example, if the purchase price of ...